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adidas apologises after backlash over refusing to pay rent amid coronavirus scare

German sportsgear maker adidas on Wednesday said it had made ‘a mistake’ when it decided not to pay rent on its shuttered shops in April, after the move sparked a widespread outcry. adidas was one of a string of...

Metro posts operating loss at Media Markt, Saturn shops

Metro AG (MEO) said its Media-Saturn household electronics unit posted an operating loss of 44 million euros ($64 million) in the second quarter as sales dropped. Media-Saturn had a “strong” decline in comparable sales in Germany in the period,...
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Kidswear brand Includ raises $1.5 mn in seed funding

The funding was led by Incubate Fund Asia, with participation from Escape Velocity, Abhishek Goyal (co-founder, Tracxn), and the...
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